On Oct 24, major Wall Street analysts update their ratings for $Amphenol (APH.US)$, with price targets ranging from $74 to $80.
BofA Securities analyst Wamsi Mohan maintains with a hold rating, and adjusts the target price from $70 to $74.
Evercore analyst Amit Daryanani maintains with a buy rating, and adjusts the target price from $75 to $80.
Truist Financial analyst William Stein maintains with a buy rating.
Seaport Global analyst Scott Graham maintains with a buy rating, and maintains the target price at $76.
Furthermore, according to the comprehensive report, the opinions of $Amphenol (APH.US)$'s main analysts recently are as follows:
Amphenol's recent quarter outperformed expectations with both revenue and earnings per share surpassing both the company's own forecasts and consensus estimates, while future forecasts for the fourth quarter and fiscal year may be seen as cautious. A notable increase in capital expenditures might indicate confidence in upcoming AI orders projected through 2025. The potential for $2 billion in additional revenues with a 35% incremental margin could notably exceed the current consensus in earnings per share, although there is hesitation to fully endorse this possibility at present due to ongoing design adjustments in some major programs.
The acceleration of business momentum, supported by AI-related strength, is justifying the stock's premium valuation. Additionally, both AI and non-AI applications have significantly contributed to robust IT Datacomm growth.
Here are the latest investment ratings and price targets for $Amphenol (APH.US)$ from 4 analysts:
Note:
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